Insparo Asset Management has added to its finance and operations team with the appointment of Nimika Karadia as Operations Analyst.

The Insparo Africa & Middle East Fund has recently been adapted to offer shorter redemption terms to increase investor interest, and Nimika’s responsibilities will involve adjusting operations to accommodate the anticipated growth effectively. She will work alongside COO Jon Laidlow and Finance & Operations Manager James Gore.

The US $170m fund returned 31.4% in 2009 and has already returned 5% in 2010. Nimika will handle all operational duties including trade settlement cycle, cash and position reconciliations for Insparo, which offers frontier market investment opportunities through the fund.

Prior to joining Insparo, Nimika was hired to represent Lehman Brothers during the administration process of its UK operations. Her role involved returning stock and resolving counterparty claims. Nimika previously held the role of Associate with R3 Capital Partners, where she was involved in the operations development across a range of products including Equity, FX and Loans.

Jon Laidlow, Chief Operating Officer at Insparo, commented: “We have made changes to adapt for our investors in light of the current economic climate. Nimika’s appointment will help to ensure the firm maintains robust controls and processes as the Fund’s operations grow.”